ConnectM Retires Additional $9M Debt in April, Reducing Annual Interest Expense by 90%

Company Overview - ConnectM Technology Solutions, Inc. is a high-growth technology company focused on the energy economy, providing advanced solutions for energy efficiency and sustainability [3] - The company operates an Energy Intelligence Network platform aimed at optimizing energy performance for residential and commercial service providers [3] Financial Performance - Since March 31, 2025, the company has retired an additional $9 million of debt, totaling $40 million in liabilities eliminated since going public on July 15, 2024 [1] - The total outstanding debt is now less than $8 million [1] - The company anticipates achieving a positive stockholder equity position by Q2 2025 [2]